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Barclays CLD

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Valued Contributor

Barclays CLD

Checked my account right now. Open 6 mo, SL $2k. Now it is $500.

Guess they didn't like my Amex, Chase, and US Bank card approvals.

I wrote them and told them to reconsider or close my account. Ridiculous. I have a FICO of over 125 higher than it was at approval. I have always PIF. I have no negatives. I never use the card so maybe that's it. Not even that upset because as I said I don't use it. But it is the principle that pisses me off. Way to reward your customers for improving their credit and establishing good history with your company.

No thanks.
FICO 09 TU= 787 (Aug) EQ= 774 (Aug) EX= 801 (Aug) Favorites: Citi DC, AMEX Gold and U.S. Bank Cash+
Message 1 of 62
61 REPLIES 61
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Valued Contributor

Re: Barclays CLD

ETA: I have a zero balance so wondering why they didn't just shut me down completely.

Don't need em-Don't want em.
Can't wait to read their reply.
FICO 09 TU= 787 (Aug) EQ= 774 (Aug) EX= 801 (Aug) Favorites: Citi DC, AMEX Gold and U.S. Bank Cash+
Message 2 of 62
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Contributor

Re: Barclays CLD

I can't stand Barclay. They did that to me once because I used to too much one month with good history so I said screw it and canceled it lol. Was a NFL ATL Falcons card.
Citi DC WEMC: 19,900|Chase CSR: 21,800|Chase FU: 19,700|Chase Ink Cash: 7,000|Capital One QS VS: 8,000|Discover IT: 18,000|AMEX BCE: 10,000|AMEX Hilton Aspire: 20,000|Apple Card 7,0000|Chase Amazon VS: 5,000|USAA Pref Cash Rewards VS: 6,000
Message 3 of 62
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Community Leader
Super Contributor

Re: Barclays CLD

I'd call them and tell them to close it. Barclays is a small fish in a sea of lenders just salvating to get your swipe fees and interest payments. I dropped these fools more than six months ago and never looked back.


My most prized tradeline.
Message 4 of 62
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Valued Contributor

Re: Barclays CLD

I'm almost glad except for the loss of limits for Util purposes. Not that I ever keep a balance that would cause my utilization to go above maybe 2%.... but it just makes me mad that my score, history, credit in general is so much better since opening it and then they CLD me? I will wait to see how they reply and unless I get something in writing I will call. I don't want it to say "closed by grantor" because they didn't... I chose to close it after they CLD me. But I can see them doing that.
FICO 09 TU= 787 (Aug) EQ= 774 (Aug) EX= 801 (Aug) Favorites: Citi DC, AMEX Gold and U.S. Bank Cash+
Message 5 of 62
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Valued Contributor

Re: Barclays CLD

I have been reading about them doing this to lots of people except usually they CLD them to just above whatever balance they have on their card... so they are like 90% utilized. What jerks. I'm happy I didn't have a balance
FICO 09 TU= 787 (Aug) EQ= 774 (Aug) EX= 801 (Aug) Favorites: Citi DC, AMEX Gold and U.S. Bank Cash+
Message 6 of 62
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Senior Contributor

Re: Barclays CLD

have always PIF. I never use the card

 

bingo

Message 7 of 62
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Moderator Emeritus

Re: Barclays CLD

Sorry to hear this. My experience with Barclays includes a Juno Mastercard with a $1,200 CL and 7.9% fixed Apr. Lack of use a CLD to $500. Told them to close the card and go take a jump. Inactivity I guess.
Starting Score: 300
Current Score: 850
Goal Score: 850


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Message 8 of 62
Frequent Contributor

Re: Barclays CLD


@Dinosaur wrote:
Sorry to hear this. My experience with Barclays includes a Juno Mastercard with a $1,200 CL and 7.9% fixed Apr. Lack of use a CLD to $500. Told them to close the card and go take a jump. Inactivity I guess.

Well they can go on and do me the same because they're dropping the 5% rewards on gasoline and groceries, so to SD heaven you go.


If a man empties his purse into his head, no one can take it from him. An investment in knowledge always pays the best interest. - Benjamin Franklin |Capital One Quicksilver Cash Rewards|Chase Amazon Visa Rewards|BOA Cash Rewards|Commence MC| Citi Double Cash| Amazon Prime Store Card|Discover It|Chase Freedom|Chase Freedom Unlimited|Amex BCE|Wells Fargo Cash Wise|Barclays Cashforward
$89,500 total card credit FICO Equifax-823, FICO Transunion-774, FICO Experian-769, DTI-20.4%
Message 9 of 62
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Senior Contributor

Re: Barclays CLD

Just looked at my 16' summary and I see I only run about $200/mo through their card. I'll probably be next.

 

It's in your "statements"

 

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Message 10 of 62
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